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New-build projects are making progress, but governments are still struggling with finding the right financing package for large reactors The delayed Flamanville-3 is one of three EPR units under construction in Europe. The others are at Olkiluoto in Finland and Hinkley Point in the UK. Photo courtesy EDF. Western Europe

The UK is facing a major challenge to replace its aging fleet of Generation I nuclear power plants, many of which are scheduled to shut down in 2023.

The project by French state utility EDF to build two Generation III EPR units at Hinkley Point C in Somerset is on track for connection to the grid by 2025. Once in commercial operation the two units will provide up to 7% of the total electricity demand. Two similar units are planned for the Sizewell site in Suffolk.

However, press reports have suggested EDF is in “a race against time” to secure a funding deal for Sizewell C as delays risk making the project prohibitively expensive.

According to The Times newspaper EDF has hired Rothschild as financial adviser for the project and says it wants a “definitive way forward” from the government this year so it can start construction in 2022.

Date: Friday, 17 January 2020
Original article: nucnet.org/news/what-lies-in-store-in-2020-1-4-2020

As a result of higher energy consumption, CO2 emissions rose 1.7% last year and hit a new record, according to the latest data from the International Energy Agency (IEA). The Paris-based agency’s Global Energy & CO2 Status Report, released today, shows that the global energy system emitted 33 billion tonnes of CO2 in 2018.

Date: Tuesday, 26 March 2019
Original article: world-nuclear-news.org/Articles/IEA-demands-increase-in-clean-energy-as-emissions

The US administration on 2 November announced the reimposition of all US sanctions on Iran that had been lifted under the July 2015 Joint Comprehensive Plan of Action (JCPOA). This is the second raft of penalties reimposed since President Donald Trump withdrew from JCPOA in May, and they cover Iran's shipping, financial and energy sectors. The sanctions that come into force on 5 November penalise countries that do not stop importing Iranian oil and foreign companies that do business with blacklisted Iranian entities, including the central bank, a number of private financial institutions and state-run port and shipping companies. Eight countries, identified by officials as US allies, will receive temporary waivers allowing them to continue to import Iranian petroleum products for a limited period. Pompeo did not identify the countries to be granted the waivers. But according to numerous reports, these include India, South Korea, Turkey, Japan and Italy.

Date: Monday, 05 November 2018
Original article: neimagazine.com/news/newsusa-ramps-up-sanctions-on-iran-6835977

A large increase in the use of nuclear power would help keep global warming to below 1.5 degrees, according to a United Nations report published today. The Intergovernmental Panel on Climate Change (IPCC) special report - Global Warming of 1.5 degrees - was commissioned by governments at the Paris climate talks in 2015 and will inform the COP24 summit in Katowice, Poland this December.

Date: Monday, 08 October 2018
Original article: world-nuclear-news.org/Articles/UN-report-shows-increased-need-for-nuclear

Japan’s Toshiba, facing large cost overruns on flagship projects and continuing fallout from a financial scandal, delayed publication of its financial results for a second time on 14 March and said it would consider selling its controlling stake in  it’s Westinghouse US subsidiary. Toshiba also suggested  that Westinghouse could file for Chapter 11 bankruptcy protection. Acknowledging its worst ever financial crisis, Toshiba announced a three-year growth plan including  proposals to improve its management.

Date: Wednesday, 15 March 2017
Original article: neimagazine.com/news/newstoshiba-considers-sale-of-westinghouse-5763859

The nuclear industry can achieve the momentum required to create an additional 1000 GWe of new capacity by 2050, Agneta Rising, director general of the World Nuclear Association, said yesterday. This target is essential, she said, if the world is to ensure the International Energy Agency's 2 Degree Scenario on climate change.

Date: Friday, 16 September 2016
Original article: world-nuclear-news.org/Articles/Achieving-1000-GWe-of-new-capacity-by-2050

Iranian officials and a visiting European Union (EU) delegation headed by European Union Foreign Policy Chief Federica Mogherini on 16 April signed various memoranda of understanding for cooperation on research. Iran's participation in the EU Horizon 2020 framework programme was also discussed, Iranian media reported. The European commission, and the Atomic Energy Organization of Iran (AEOI) issued a joint statement on cooperation in the peaceful uses of nuclear energy which would include establishment of a regular high-level dialogue meeting once a year (the Framework for Partnership on Nuclear Energy) to review topics of common interest in the nuclear field.

Date: Tuesday, 19 April 2016
Original article: neimagazine.com/news/newsiran-to-co-operate-with-europe-on-nuclear-4868249